9514 1404 393
Answer:
C. To avoid having to pay for hospital bills resulting from an accident they cause
Explanation:
The purpose of any sort of insurance is to limit or eliminate the policy-holder's liability. Medical insurance in an auto policy pays for medical bills the policy-holder might otherwise be liable for as a consequence of an auto accident.
Answer:
Trell will show an amount receivable from factor equal to 20, 010 dollars.
Explanation:
NON recourse factoring is when a company sells it's invoices to a factor, without the promise that the company will buy back any uncollected invoices. The factor does not take the risk of any uncollected invoices.
So in this factoring arrangement no allowance for bad debt exist
Company Receivable before factoring = $ 58000
Amount received= 58000*60 % = $ 34800
Amount remaining= 58000*40% =$ 23200
Amount Receivable from factor= 23200-(58000*1%)' - (34800/2*15%)''
=20, 010 dollars
'Factor fee
" Interest to be charged by factor on 60% lended
Answer: Time period assumption.
Explanation:
The time period assumption is an accounting standard that enables businesses to record their financial activities for a given time frame ( it could be a measure of either yearly, half yearly, monthly, weekly or daily financial activities).
If the price of the ski trip has increased then the demand
for the ski jacket will likely decrease because of the demand curve in terms of
the ski jackets that will be shipping to the leftward as the ski trip were to
increase.
Answer:
"A career is like a speedboat or a power boat, and a job is like a sailboat"
Explanation:
Careers are long term, jobs are not.
Speedboats go faster and farther than a sailboat would in a race.
That's just the connection I made, hope it helps. ^_^
